The company said it faced a squeeze on its raw material and supply chain costs but said this had been mitigated by favourable currency exchange rates and a reduction in store operating costs and overheads.
Kari Rodgers, Primark retail director for the UK, said:"The changes we're proposing will deliver a simplified and more consistent management structure across all of our stores, provide more opportunities for career progression and offer greater flexibility. Meanwhile, Primark - which unlike rivals does not have an online retail platform - was on track to launch a new customer-facing website in the UK by the end of March, the company said.
The update - and Primark's confirmation that it does not plan to raise prices - comes as latest figures showexpects to hike pricesABF signalled that prices may go up in other parts of its business - a sprawling conglomerate which also includes a major sugar operation and brands such as Ryvita, Twinings and Ovaltine.
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